Cash - Closing Status 9 Nov

Invested into Religare Health Trust 6 lots three weeks ago under my Cash portfolio and its share price did dip lower levels than the price which l have paid for it.   Its share price improved in this week so l have divested all of it for a gain of $91.

Health care business is a good value investment.  But the locations (Indonesia, India, Myanmar, etc.) in where a health care business is can be a great concern at times.  Religare will be in my radar for re-investment when its share price goes lower levels again; and so are other health care related stocks in Singapore. 

Under Cash portfolio this week l have invested into GRP 15 lots.  GRP recently invested into Australia gold mining company,  Aphrodite Gold Limited.  GRP will hold 12.7% equity interest in Aphrodite and the price paid was equivalent to AUD 6 cents per share.  Aphrodite's last trading price on 9 Nov was at AUD 4.7 cents (52 weeks low 3.3 cents, 52 weeks high 9.48 cents).  Gold mining is not GRP's core business which are marine and hoses, measuring instrument and PVC fittings but it has now becomes a new source of revenue for the company.  GRP has strong balance sheet and healthy cash flow.  GRP has been consistently paying 2 cents dividend in each year and at Friday's closing price $0.24 hence dividend yield is at 8.33%.  Anyway, l am always ready to take profit first as l have divested all 15 lots in the same week when its share price moved up; for a gain of $93.  Likely to reinvest into GRP when its share price weakens.

Also this week under Cash portfolio, l have invested into Keppel Reit 8 lots.  Just like any other investments and divestments, l will not hesitate to letting it go when its share price in the coming week(s) improves.  Otherwise l will be keeping it for passive income streams.

Portfolio walk since previous posting :-

-$364 Total Returns as of 2 Nov

+$184 Gains on sales of GRP and Religare

-$554 Unrealised positions worsened

-$734 Total Returns as of 9 Nov

previous posting :- Cash - Closing Status 2 Nov

Cash - Closing Status 25 Oct

For my Cash portfolio this week, l have made silly and costly investment mistake, again.  I have wanted to re-invest into 2nd Chance 40 lots.  l was in a great hurry to attend to another urgent matter when l placed my buy order on 2nd Chance.  It was such a huge mistake as l did not aware l have wrongly placed a sell order instead and l did not even pause to review the pop-up order confirmation.  l have immediately queued to buy back at same price level but failed.  So, l bought back 40 lots at higher price a few minutes before market closed and l got poorer by $322.    

Finally managed to sell away Lee Metal 2 lots for a $6 gain.  I have waited for its share price to go lower since 8 June week in order to increase my investment in it so that l can lower the cost per unit in it.  As its share price did not weaken so l have decided to sell it away.  Based on 2nd Qtr results, even though total revenue is lower but gross profit margin improved.  No worry of higher debtor as this is probably due to higher sales in Qtr 2 comparing to Qtr 1.  Inventory has lowered and this is a very prudent decision to make as Singapore economy has weaken.  Lee Metal had decided to invest on newer machines and decommissioned older ones to expand capacity and improve productivity.  Will re-invest into Lee Metal if it is able to continue maintaining good gross profit margin, positive PBIT, strong balance sheet, etc., once its share price weakens.

Managed to get Starhub 4 lots this week when its share price was close to 4-weeks low.  I am expecting it to declare the same dividend rate of $0.05 when it goes XD around 15 Nov.  For 4 lots l will get $200 (4 lots x $0.05) as dividends if l keep my invested funds in it till XD.  But l reckon there is no need to wait till then when l can already get half of the dividends in advance now (within the same week!) as l managed to divest all of it for a gain of $99.

Also this week under Cash portfolio, l have invested into M1 5 lots when its share price was already weakens to 4-weeks low.  Its next XD is in April'13.   Investing in M1 cost lesser and hence resulting in highest dividend yield comparing to other two bigger competitors (SingTel / Starhub).    If share market tanked and its share price going lower then l will keep it for good dividends income stream.

Religare Health Trust share price yet to go higher than its IPO price level of $0.90 as there are many viewing it as a bad investment option.   l beg to differ with views that India related businesses are destined to doom.  There is an existing business trust (Indiabulls) listed in Singapore dealing primarily with commercial space and residential property in India which is giving everyone the shudders as it did not pay a single dividend since IPO in Jul'08; but starts giving out dividends for the very 1st time which XD Dec'12.  But everyone seem to forget that there is one other business trust (Ascendas India) doing quite well in India which primarily dealing with  rental of investment properties.  There are many other world class India businesses - Tata Consultancy, ITC, HDFC Bank, Bharti Airtel, Tata Motors, Sun Pharmaceutical, and many more companies.  So, for now l have invested into Religare 6 lots this week.  I will look at Religare's performance and will decide accordingly whether to include it in my so-called permanent watch list.

 

Portfolio walk since previous posting :-

+$295 Total Returns as of 19 Oct

+$105 Gains on sales of Lee Metal and Starhub

-$322 Loss on 2nd Chance investment mistake

-$129 Unrealised positions worsened

-$51 Total Returns as of 25 Oct

previous posting :- Cash - Closing Status 19 Oct